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Terms Used In 11 Guam Code Ann. § 106733

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
If any foreign banking corporation fails to make any report required by the Commissioner or refuses to furnish the required information in the form prescribed, or otherwise refuses to comply with § 106732, it shall be liable to the people of this Territory in the sum of One Hundred Dollars ($100.00) per day for each day that such omission continues.

SOURCE: GC § 30931. Added by P.L. 13-111:5.

NOTE: Last sentence of § 30931 was repealed by P.L. 13-187:197.1.